The Business Times, 2 July 2011

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Total Pages: 47
1 20 The Business Times
  • 19 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg JULY 2 -3, 2011 S$1.00 MICA (P) 139/08/2010 Sfh A SINGAPORE PRESS HOLDINGS PUBLICATION
    19 words
  • 280 1  -  Han Kok Juan Director (Housing) Ministry of National Development THE Ministry of National Development (MND) has written to The Business Times, highlighting errors contained in a recent report. The following is the text of its letter: THE lead article by The Business Times “Profit
    280 words
  • 103 1 AS pointed out by the Ministry of National Development, The Business Times cited an erroneous land price figure for Centrale 8 in its report “Profit margins for DBSS developers ‘look high’” (BT, June 30). This inflated the gross returns for Sim Lian Group on the project to 75.8 per
    103 words
  • 23 1 going public SINGAPORE’S second-largest grocery chain by revenue, well-known for its weekly television gameshow, lodges preliminary prospectus. 2
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  • 30 1 mixed results THE measures are taking effect but with different outcomes in the private and public property sectors as government flash estimates released yesterday show. 4
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  • 34 1 last stint SINGAPORE’S sixth and longest-serving head of state will step down when his second term ends on Aug 31, after 12 years as the elected president. 5
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  • 26 1 tough call TOMORROW’S general election is taking place against a backdrop of furious vote-buying allegations and inflated campaign budgets. 6
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  • 653 1  -  Healthcare provider clinches more deals in Vietnam, China and the Middle East By Chen Huifen xuifen@sph.com.sg Singapore PARKWAY Holdings is on a roll with its overseas forays, sealing up more deals recently in Vietnam, China and the Middle East to entrench its position as
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  • Page 1 Advertisements

  • TOP STORIES
    • 140 2 G STI 3,139.01 (+18.57) G STI FUTURES 3,138 (+18) G SIMSCI 363.11 (+2.51) G SIMSCI FUTURES 363.00 (+2.60) STOCKS Friday Change KL COMP 1,582.94 +3.87 NIKKEI 225 9,868.07 +51.98 HANG SENG 22,398.10 +336.92 SET 1,041.48 +8.22 JAKARTA 3,927.10 +38.53 MANILA 4,351.63 +60.42 KOSPI 2,125.74 +25.05 SHENZHEN B 725.34 +1.90
      140 words
    • 404 2  -  Second-largest grocery chain by revenue lodged its preliminary prospectus this week By Jamie Lee leejamie@sph.com.sg Singapore IT’S quite literally “all for you” as supermarketchain ShengSiong known for its ditty and motto in its TV commercial heads for a mainboard listing. Sheng Siong, which is
      FILE PHOTO  -  404 words
    • 409 2  -  By Victoria Ho vhoip@sph.com.sg Singapore FROM Aug 1, pay-TV operators here will have to offer their exclusive content to subscribers of competing operators. The Media Development Authority’s (MDA) mandate, announced in March last year, will apply to any exclusive content that operators have acquired
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    • 777 4  -  Prices of private homes in Q2 up by smaller degree, those of resale HDB flats climb faster as demand stays strong By Emilyn Yap emilyny@sph.com.sg Singapore ANTI-SPECULATION measures for the property market are takingeffect– butwithdifferentoutcomes in the private and public sectors as flash estimates
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    • 748 4 AFP AP New York A US judge released Dominique Strauss-Kahn on his “own recognisance” yesterday, but prosecutors who consented to the easing of bail restrictions did not agree to dismiss the sexual assault case against the former International Monetary Fund (IMF) chief. “Iunderstandthatthecircumstances of this case
      AFP; AP  -  748 words
    • 620 5  -  He cites his advanced age, deeply appreciates the ‘affection and kindness’ of countless Singaporeans By Chuang Peck Ming peckming@sph.com.sg Singapore IT looks like the presidential race will be a battle of the “three Tans”, as President SR Nathan announced yesterday that he would not
      FILE PHOTO  -  620 words
    • 600 6  -  Vote-buying allegations, inflated campaign budgets corner attention Reports by Lee U-Wen leeuwen@sph.com.sg Bangkok WHEN it comes to the unpredictable world of Thai politics, it’s often said that money and lots of it speaks loudest. Tomorrow’s general election taking place against the backdrop of
      600 words
    • 546 6 MINUTES before Yingluck Shinawatra appeared on stage for her final rally speech, dark clouds hovering above Rajamangala Stadium began to open up. But the vast majority of the 70,000 supporters of her opposition Puea Thai party did not seem to mind the pouring rain. The
      546 words
    • 726 7  -  Carson Yeung Ka Shing accused of laundering HK$721 million through five bank accounts By Shu-Ching Jean Chen btworld@sph.com.sg Hong Kong HE has made history, but not the way that he wanted. Carson Yeung Ka Shing, the first Chinese owner of an
      AFP  -  726 words
  • Page 2 Advertisements
    • 62 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Week in Review 10 Companies 11-14 From The Desk Of 15 Singapore 16-17 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-33 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Enterprise L2-5 Dining L6 Style L7 Shopping L8-9 Home&
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  • Page 3 Advertisements
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  • Page 6 Advertisements
    • 445 6 MAT3 NOTICES IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) AND IN THE MATTER OF BELGRAVIA PROPERTIES PTE. LTD. (in Members’ Voluntary Liquidation) (Company Reg. No. *****1811D) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of BELGRAVIA PROPERTIES PTE. LTD. (Company Registration No. *****1811D) duly convened and held at
      445 words
    • 323 6 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 and IN THE MATTER OF CLASSIC WATCH JEWELLERY PTE LTD Company Regn No *****0864E (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the Creditors of the abovenamed Company, which is being wound up voluntarily, are required on or before 02 AUGUST
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  • Page 7 Advertisements
    • 194 7 www.sgmsc.com NEWGENERATION CARDIACMRI IMAGINGTECHNOLOGY Centre for Medical Imaging is the first in Asia to install the new generation Siemens Magnetom Aera 1.5 Tesla MRI machine with the latest Cardiac MRI imaging technology. With no X-ray radiation involved, it can provide information on heart arteries, heart valve function, heart muscle function
      194 words

  • THE RAFFLES CONVERSATION
    • 2409 8/9  -  Symphony founder Anil Thadani is quite comfortable with being called crazy. Some of his biggest triumphs, after all, originated from seemingly madcap plans that pushed the limits of reality. By Joyce By Joyce joyceh@sph.com.sg ANILThadanilaughs a lot. He laughs about the time he bought his first
      YEN MENG JIIN  -  2,409 words

  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK June 27-July 1, 2011
      • 42 10 CHINESEcompanies– andtheir accountingscandals –aregiving regulators sleepless nights. An investigation is underway in the United States while several other stock exchanges are thinking of ways to ensure that the financial accounts of Chinese companies are kosher.
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      • 50 10 PROPERTY agents have been reporting a slowdown in Good Class Bungalow transactions as the gap between offer and asking prices widens. However, at least $750 million worth of deals have already been sealed so far this year on mainland Singapore.
        50 words
      • 43 10 THREE young companies have emerged as the top winners in this year’s Emerging Enterprise Awards which recognise local businesses that are up to 10 years old and have annual revenue of less than $10 million.
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      • 29 10 LULZ Security hacker group said it had ended an Internet rampage that included cyberattacks on videogame companies, police and even the CIA’s website.
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      • 51 10 GLOBAL banking regulators have agreed on a proposal to slap an ex- tra capital charge on the world’s biggest banks to make them safer by 2019. The surcharge is part of a series of reforms launched in response to the financial
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      • 47 10 THE land deal between Singapore and Malaysia, whose details were released on Monday, could have huge implications for the property sector. The six parcels of prime Singapore land that Malaysia is getting have a gross development value of S$11 billion.
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      • 61 10 SINGAPORE-INCORPORATED banks will soon have to hold more capital exceeding the amount needed under new Basel III rules and the changes will start kicking in from 2013. The stricter conditions were not entirely unexpected; even under the Basel II regime, capital adequacy
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      • 45 10 NATIONAL Development Minister Khaw Boon Wan has been meeting developers and other stakeholders sometimes even one-on-one to get their take on the property market since he took over the housing portfolio in late May, sources say.
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      • 44 10 RESALE prices of private homes rose at a faster rate across all segments in the second quarter of 2011 compared to Q1, as sellers raised asking prices after benchmarking them against prices at new home launches.
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      • 33 10 SEVERAL memoranda of understanding and agreements involving Singapore companies were inked on Wednesday in Guangzhou where the third Singapore-Guang-dong Collaboration Council meeting was convened.
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      • 42 10 EXACTLY half the year has passed timidly but the stock market is expected to recover in the remaining six months, though ris- ing costs continue to chip away at corporate margins and global uncertainties loom.
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      • 88 10 GREEK Prime Minister George Papandreou’s drive to stave off the euro area’s first sovereign default stayed on track after lawmakers backed a bill to authorise an austerity plan. He won enough support to pass a second piece of legislation that will implement
        AP  -  88 words
      • 45 10 UBS is working on at least five listings in Singapore that are valued between US$500 million and US$1.5 billion, and expects some of them to be pushed out in the second half of this year.
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    • 69 10 US DATA July 5 May factory orders July 6 MBA Mortgage Index ISM Services SINGAPORE DATA July 5 PMI for June July 7 Foreign reserves for June EVENTS July 5 Reserve Bank of Australia interest rate decision July 6 Bank of England two-day Monetary Policy
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  • Page 10 Miscellaneous
    • 333 10 CRYPTIC CROSSWORD Across 1 Question put by examiners? Fancy that! (4,2,3,4) 10 Maybe first or second row in exam (7) 11 Free to speak (7) 12 Left-winger has pace (4) 13 They are inclined to prevent steps being taken (5) 14 We get involved with the Royal Navy, so did
      333 words
    • 10 10 SATURDAY with Ludwig ‘The meaning of life just google it
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  • COMPANIES
    • 788 11  -  Analysts point out that accounting irregularities continue to dog sector and recent China tightening is not aimed at overseas listings By Lynette Khoo lynkhoo@sph.com.sg NOTWITHSTANDING expectations that S-chips could outperform earnings forecasts in the second half of this year, analysts appear to still fight
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    • 579 12  -  stocks| R Sivanithy sivan@sph.com.sg Senior correspondent THE nearness of Greece’svoteinfavour of an austerity plan on Wednesday and the end of 2011’s first half on Thursday gave trading funds a window of opportunity that was arguably too good to miss, especially since markets had been
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    • 109 12 Stock name Close Change CapMallsAsia 1.470 CapitaLand 2.910 CapitaMall 1.880 +0.010 CityDev 10.440 +0.040 ComfortDelGro 1.470 +0.010 DBS Grp 14.800 +0.140 F&N 5.850 +0.060 GLP 2.070 +0.010 Genting SP 1.920 -0.010 Golden Agri 0.680 HK Land 7.200 +0.080 JMH 56.020 -1.320 JSH 31.660 +1.060 Jardine C&C 43.980 +0.980
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    • 62 12 BY CENTS CLOSE UP JSH 3166 129.9 3.5 DBXT MSKorea 10US$ 6388 118.9 1.5 Jardine C&C 4398 98.0 2.3 IS MSCI Spore 1380 72.3 4.5 DBXT FTChina25 10US$ 3174 52.7 1.4 DBXT MSAsExJp 10US$ 3402 41.7 1.0 CIMBAsean40 100US$ 1070 35.6 2.8 DBXT MSINDO 10us$ 1592 35.6 1.9
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    • 67 12 BY CENTS CLOSEDOWN JMH 5602 -161.8 -2.3 GLD 10US$ ***** -156.9 -0.9 DBXT FTVietnam 10US$ 2867 -82.1 -2.3 DBS Bk 4.7% NCPS 100 ***** -80.0 -0.7 DBXT S&P Short 10US$ 4211 -39.2 -0.8 Lyxor Nasdaq100 10US 930 -35.6 -3.0 Hyflux 6% CPS 10 ***** -30.0 -0.3 DBXT MSUSA
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    • 110 12 VOL CLOSE Progen 109,851 20 2.0 11.1 PSLHldgs 73,014 44.5 -3.0 -6.3 GoldenAgri 54,386 68 0.0 0.0 NexGenSCom 53,445 2.5 0.0 0.0 Artivision 48,624 21.5 1.0 4.9 GentingSP 35,563 192 -1.0 -0.5 Hartawan 21,543 12 0.0 0.0 SingTel 19,499 318 2.0 0.6 NobleGrp 18,157 200 3.0 1.5
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    • 358 12  -  Wong Chow Lin contravened false trading provisions By Carine Lee carinel@sph.com.sg THE Monetary Authority of Singapore (MAS) has slapped a civil penalty of $50,000 on Wong Chow Lin alias Benjamin Wong for false trading. Mr Wong, who at the time of contravening
      358 words
    • 166 12 PAN Hong Property Group has announced a reorganisation to facilitate the proposed listing of its Jiangxi property business on the mainboard of the Hong Kong stock exchange (HKEx). The reorganisation will put the Jiangxi business under Sino Harbour Property as the
      166 words
    • 659 13  -  This will be a US$200m investment partnership to provide growth capital to firms in China, S-E Asia By Lynette Khoo lynkhoo@sph.com.sg SINGAPORE private equity firm CMIA Capital Partners has launched its fourth growth capital fund. CMIA Fund IV LP is a US$200
      659 words
    • 320 14  -  They bagged over 300,000 sq m of industrial space for $688.6m By Jamie Lee leejamie@sph.com.sg MAPLETREE Industrial Trust (MIT) and Soilbuild Group have secured over 300,000 square metres worth of industrial space from JTC Corporation at a combined price of $688.6 million, JTC
      320 words
    • 257 14  -  By Ven Sreenivasan ven@sph.com.sg AFTER a delay of some three months, Singapore Airlines (SIA) has finally introduced its Airbus A380 superjumbo on its Singa-pore-Narita-Los Angeles service. The inaugural A380 flight SQ12 departed Singapore yesterday morning at 9.30am with nearly 400 passengers on board,
      257 words
    • 397 14  -  By Lynn Kan lynnkan@sph.com.sg BELEAGUERED S-chip China Gaoxian appears to have used part of the 1.132 billion yuan (S$215 million) raised during its January dual listing on the Korean stock exchange, according to another update by the company yesterday on
      397 words
    • 259 14  -  By Carine Lee carinel@sph.com.sg KOON Holdings has acquired a 51 per cent stake in GA Property Management, a privately held real estate investment holding company, for $3 million. The dual-listed infrastructure construction and precast specialist made the acquisition through a sale and purchase agreement
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  • Page 11 Advertisements
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  • Page 13 Advertisements
    • 1056 13 BEATS NOTICES KYODO-ALLIED INDUSTRIES LTD (Incorporated in the Republic of Singapore) (Company Registration No. *****2850E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Kyodo-Allied Industries Ltd (the “Company”) will be held at 371 Beach Road, #09-06/11, KeyPoint, Singapore *****7 on 22 July 2011
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  • Page 14 Advertisements
    • 45 14 Check out these positions and five hundred more in CATS Recruit Executive Appointments in The Straits Times now! BuildingandConstructionAuthority islookingfora Senior Executive Engineer (Civil Structural) LubrizolCorporationhaspositions openforan Account Manager (Personal and Home Care Ingredients) TanChongInternationalhas vacanciesin Sales Marketing PastaManiaisrecruitinga Senior Franchise Manager McCormickishiringa Manufacturing Manager
      45 words

  • FROM THE DESK OF
    • 896 15  -  Small businesses without an advertising budget can harness new technology to meet their specific needs and help them target local consumers at the right time from the desk of Saumil Nanavati CEO, Chalkboard SMALLandmedium-sized enterprises (SMEs) represent 70 per cent of the global economy. They
      YEN MENG JIIN  -  896 words

  • SINGAPORE
    • 235 16 Li Fung exec on NUS biz school advisory board THE National University of Singapore (NUS) Business School has appointed William Fung Kwok Lun, the executive deputy chairman of Li Fung Limited, as a member of its management advisory board. His term as a member of the board will span two
      235 words
    • 440 16  -  Its chairman says that recent change in aviation rules has boosted prospects By Ven Sreenivasan ven@sph.com.sg TAIWAN’S oldest airline, TransAsia, plans to compete aggressively for a slice of the fast growing traffic between North-east Asia and South-east Asia. The privately owned carrier, which launched
      440 words
    • 364 16  -  Airline says it is recruiting to meet growing demands By Ven Sreenivasan ven@sph.com.sg JETSTAR Asia has appointed flight training organisation CTC Aviation Group to begin training cadet pilots for employment as First Officers with the airline based in Singapore. The first training
      364 words
    • 223 16 HOIHupSunway –aconsortiumcomprising Hoi Hup Group and Sunway Group which developed two design, build and sell scheme (DBSS) public housing projects, City View Boon Keng and The Peak@Toa Payoh–saysitsnet profit margin for such projects range from 15-18 per cent. Focusing only on
      223 words
    • 429 17  -  Organisers hope to raise $300,000 to give the invited children their dream day out at Universal Studios By Lynn Kan lynnkan@sph.com.sg A DAY out at a theme park with cotton candy, fun rides and sunshine is any child’s dream come true. On Children’s Day,
      FILE PHOTO  -  429 words
    • 279 17 OPPOSITION Member of Parliament Chen Show Mao, a leading corporate lawyer, is retiring from active practice as a partner of Davis Polk Wardwell with effect from this month. The Workers’ Party MP, who was managing partner of Davis Polk’s Beijing office when he
      279 words
    • 479 18  -  Teaching young people ethics also needed, says former con-artist By Conrad Tan conradt@sph.com.sg CONSUMER education remains the simplest, but most powerful tool that governments and banks can use to fight financial crime, former fraudster turned US security consultant Frank Abagnale said yesterday. Mr
      479 words
    • 352 18  -  Removal of tracks and structures to be done in stages By Jasmine Ng jasng@sph.com.sg THE public can take a final stroll along the tracks formerly occupied by the Keretapi Tanah Melayu (KTM) before they are removed in two weeks’ time.
      352 words
    • 213 18 A COMFORTABLE air-conditioned workday was eschewed by over 250 volunteers from Standard Chartered Bank on Thursday in favour of improving the flats of underprivileged elderly folk. Thus 27 one- and two-room flats in Ang Mo Kio were cleaned and repainted, and 38 flats
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  • Page 17 Advertisements
    • 426 17 :*ATci NOTICES SIM SIANG CHOON LTD (Incorporated in the Republic of Singapore) (Company Registration No. *****5693M) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Sim Siang Choon Ltd (the “Company”) will be held on 25 July 2011 at 10.30 a.m. at 21 Changi
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  • Page 18 Advertisements
    • 38 18 Raffles Conversations A collection from The Business Times 52 interviews by The Business Times journalists The diverse experiences of some of the most influential thinkers, corporate chiefs and social activists of the age Available at all leading bookstores
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  • WORLD
    • 532 19 Emerging economies data suggests that growth cooling measures are working in the region AFP Shanghai MANUFACTURING activity in Asia’s emerging economies slowed further in June, data showed yesterday, suggesting measures designed to cool explosive growth were taking hold in the region. Export-dependent nations were also
      AFP  -  532 words
    • 425 19 latest us data Bloomberg New York US manufacturing unexpectedly expanded at a faster pace in June, a sign the industry is rebounding after shortages of parts and components from Japan slowed production. The Institute for Supply Management’s (ISM) factory index rose to
      Bloomberg  -  425 words
    • Briefings
      • 103 19 Reuters Copenhagen Denmark said it would clean up its banks and consider guarantees for foreign lenders, after worries about more banking failures prompted international funding markets to freeze out many of its lenders. Danske Bank, which still has access to the markets, told
        Reuters  -  103 words
      • 108 19 Reuters Kuala Lumpur Malaysian lenders RHB Capital and CIMB Group denied a Straits Times report yesterday that RHB was planning to launch a takeover of its bigger rival CIMB to create South-east Asia’s biggest bank by market value. The report once again threw a
        Reuters  -  108 words
      • 121 19 Reuters Bloomberg Moscow A hostile takeover bid by VTB has revealed a gaping hole in the books of the Bank of Moscow, Russia’s fifth-largest bank. The hole was discovered after VTB ousted management loyal to former Moscow Mayor Yuri Luzhkov after
        Reuters; Bloomberg  -  121 words
    • 561 20  -  IAEA says radiation safety standards being observed; rare earths miner refutes allegations of construction shortcuts By Pauline Ng btworld@sph.com.sg Kuala Kuala Lumpur RARE earths miner Lynas Corporation on Thursday had to fend off reports that it cut corners building its Malaysian processing plant.
      561 words
    • 345 20 Reuters Toronto APPLE Inc and Research In Motion are part of a winning consortium of six companies buying bankrupt Nortel Networks Corp’s remaining patent portfolio for US$4.5 billion, in a hotly contested auction that saw Google and Intel lose out. Microsoft Corp, EMC Corp,
      Reuters  -  345 words
    • 543 21 Small businesses seen dominating the scene, a trend analysts say may last for a few more months Reuters Shanghai CHINA’S IPO market slowed by a fifth in the first half of 2011 amid a lack of mega deals that hit the
      Reuters  -  543 words
    • 498 21 AP Beijing CELEBRATING the Communist Party’s 90th anniversary yesterday, Chinese President Hu Jintao said that its ability to adapt had made China affluent and powerful, and that the party must fight corruption to retain public support and continue its uncontested rule. In
      AP  -  498 words
    • 405 21  -  By S Jayasankaran btworld@sph.com.sg Kuala Lumpur A former assistant governor of Malaysia’scentralbank(BankNegara Malaysia) Daud Dol Moin was charged yesterday in the Kuala Lumpur Sessions Court with accepting RM100,000 (S$40,754) in kickbacks to secure BNM’s approval to get an Australian firm to print
      405 words
    • 553 22  -  Latest tankan is first to show the full impact of the disasters on manufacturing, non-manufacturing industries By Anthony Rowley btworld@sph.com.sg Tokyo THE continuing impact of Japan’s March 11 earthquake, tsunami and nuclear crisis on the nation’s economy was highlighted yesterday with the release of
      553 words
    • 556 22 AP Seoul A LANDMARK free trade agreement between South Korea and the European Union took effect yesterday amid expectations of a boost to already booming commerce between the two sides. The agreement brings together the 27-member EU, the world’s largest economic bloc, and
      AP  -  556 words

  • Page 20 Advertisements
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      78 words
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  • Page 22 Advertisements
    • 54 22 Choice of^®^r unity f in Singapore i Wf m Incisive features from India, news about the local Indian community, as well as business, education, entertainment, food and sports... with an Indian slant of course. An English weekly available free every Friday at all 7-Eleven outlets For advertising enquiries, call 9171-4327
      54 words




  • SGX
    • 10103 26 Transaction date: Jul 1 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 15 8Telecom 16 unch 80 16 16 16 16.5 7.8 3.8 3.4 76.6 12 4.5 A-Sonic 7 -0.5 469 7.5
      10,103 words
    • 186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 5 4 0 0 0 8 5 4 Manufacturing 57 37 67 5 4 8 62 41 75 Commerce 20 17 24 7 2 4 27 19 28 Tpt/Stor/Comms 14 15 13
      186 words
    • 828 26 For week beginning Jun 27 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Fu Yu Corp Ltd 30-Jun-11 Ng Hock Ching ST ***** na ***** 3.94 829 0.11 Hisaka Hldgs
      828 words
    • 121 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,416 19,416 58,905 58,905 Manufacturing 164,846 10,132 174,978 119,877 508 120,385 Commerce 109,203 46,976 156,179 101,862 4,079 105,941 Tpt/Stor/Comms 79,239 23,186 102,425 156,967 2,859 159,826 Finance 20,292 20,292 206,673 206,673 Construction 128,432 116,507 244,939 49,628
      121 words

  • MARKETS
    • 75 27 Jun 30 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 112.39 0.43 WTI (Near Mth) 95.08 0.28 Dubai (1-Mth F) 105.82 1.52 Tapis blend 116.50 2.23 Minas 113.00 2.23 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 99.83 1.61 Jet Kerosene 124.95 2.45 US$/barrel Opec Oil Basket Price
      75 words
    • 118 27 Jul 01 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.357 1.281 Can dollar 1.298 1.249 Euro 1.812 1.743 Sterling pound 2.006 1.929 NZ dollar 1.042 0.993 US dollar 1.245 1.198 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • 79 27 Jul 1 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 29.09.2011 0.32 1-Year BY*****X 02.05.2012 0.41 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.63 5-Year N*****0W 1.125 01.04.2016 100.62 100.8 100.65 10-Year NX*****X
      79 words
    • 154 27 Jul 1 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3126 1.3143 1.0709 1.0714 Canadian dollar 1.2721 1.2734 1.0379 1.0381 Euro 1.7785 1.7801 1.4510 1.4511 NZ dollar 1.0127 1.0137 0.8262 0.8264 Sterling pound 1.9692 1.9709 1.6066 1.6067
      154 words
    • Article, Illustration
      93 27 YTD change:-1.60% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,814.44 onJuly1,2010 Source: Bloomberg YTD change: -2.77% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 19,777.80 on July 6,2010 (Chart shows Thursday’s index closing) Source: Bloomberg YTD change: +7.23% 52-week high: 12,876.00 on May 2,2011 52-week low: 9,614.32
      Source: Bloomberg  -  93 words
    • 66 27 Jul 1 GOLD (US$/oz) Jun 30 Jun 30 Hong Kong 1512.*****2.00 Jun 30 Jun 29 London 1510.*****6.00 1511.*****6.75 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 43.03 42.63 Source: UOB PLATINUM Lon (US$/oz) Jun 30 Close Previous PM Fix 1722.*****6.00 AM Fix 1724.*****0.00 Source: Thomson Reuters PLATINUM NYMEX
      66 words
    • 82 27 Jun 30 COCOA (£/tonne) Close Prev High/Low Jul 11 1954 1935 1960/1935 Sep 11 1986 1959 1990/1962 Dec 11 2009 1983 2014/1986 Mar 12 2021 1994 2025/1999 COFFEE (US$/tonne) Close Pev High/Low Jul 11 2453 2439 2480/2421 Sep 11 2498 2472 2518/2462 Nov 11 2525 2497 2543/2490 Jan 12
      82 words
    • 67 27 Jul 1 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 11 3075 3070 3093 3070 586 2377 Aug 11 3054 3052 3073 3048 3859 ***** Sep 11 3040 3035 3065 3031 ***** ***** Oct 11 3035 3034
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    • 93 27 Jun 30 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 11 1306.*****4.*****2.*****0.00 Aug 11 1299.*****7.*****5.*****7.25 Sep 11 1295.*****3.*****0.*****4.50 Nov 11 1294.*****3.*****3.*****6.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Jul 11 55.04 55.83 56.15 54.43 Aug 11 55.22 56.04 56.45 54.51 Sep 11 55.45 56.28 56.65
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    • 376 27 Jun 30 In local curr In S$ In US$ dy yr dy yr dy yr Jun 30 Index Change Change Change Change Change Change World Index Preliminary 912.1 1.1 1.6 0.8 -0.4 1.3 3.9 ‡EAFE Preliminary 787.2 1.3 -1.7 1.1 -1.3 1.6 3.0 Europe Preliminary
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    • 53 27 As on 30 Jun 2011 www.smx.com.sg For membership please contact: Ivan Han, DID +65 9098 8455 membership@smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold Cash Aug-11 1513.6 1505.3 1502.9 1510.1 CURRENCY Euro-US Dollar Sep-11 1.4488 1.4416 1.4353 1.4353 BASE METALS Copper Cash Sep-11 9367
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    • 70 27 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2503.25 unch 3 months 2532.00 2533.00 Copper, Grade A (US$/tonne) Cash 9414.00 9312.00 3 months 9430.00 9320.00 Lead (US$/tonne) Cash 2671.00 2618.75 3 months 2684.00 2534.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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  • PERSPECTIVE
    • 1126 28 / 29  -  The Fukushima crisis was caused not only by the tsunami but by earthquake-inflicted damage to the nuclear reactors, seismologists say Anthony Rowley Tokyo correspondent THE central part of Japan could “simply vanish” when the next major earthquake hits the country, an event which may not
      AFP  -  1,126 words
    • 838 28 / 29  - US structural unemployment a Catch-22 situation Robert Samuelson The Washington Post Writers Group Washington ONE puzzle of this sombre US economy is the existence of unfilled jobs in the midst of mass unemployment. You might think (I did) that with almost 14 million Americans unemployed and nearly half those for
      The Washington Post Writers Group  -  838 words
    • LETTERS TO THE EDITOR
      • 115 28 / 29  -  Sudesh Maniar Director, Public Affairs Ministry of Foreign Affairs I REFER to the article, “Susan Lim decides to appeal against High Court verdict” (BT, June 25). The article reported Dr Lim’s claim that she had written to then-foreign minister George Yeo “only because he
        115 words
      • 158 28 / 29  -  Denis Distant THE Singapore Exchange (SGX) has finally decided when it will abolish the 90-minute lunch break, to be in line with other bourses. But it remains out of sync in respect of its 1,000-share board lot, when most
        158 words

  • Wealth
    • WEALTH INVESTING
      • 1018 30 / 31  -  Consensus opinion is that the second half should see more positive economic numbers and something of a recovery in equity markets. By Genevieve Cua By Genevieve Cua STRATEGISTS in the wealth management industry are telling clients to stay the course in equities,
        Source: Deutsche Bank; AP  -  1,018 words
      • BROKERS' TAKE
        • 309 30 / 31 Buy DBS Vickers July 1 July 1 close: $7.58 TRADING volumes and values in the securities market have softened. Average daily trading volume and value stands at 1.56 billion and $1.62 billion respectively. Although derivatives trading volumes have remained relatively robust, the weak US$ (to S$) is expected
          309 words
        • 435 30 / 31  -  UOB-Kay Hian Research June 29 Jamie Lee A TOUGH road ahead: We visited various residential and commercial projects of Singapore-listed property developers across Beijing, Shanghai, Tian- jin and Chengdu over two weeks. The ground sentiment appears weak and further deterioration (ie volume and price declines) ahead is likely.
          435 words
      • 1201 32 Tens of billions of dollars are in tail-risk funds, representing a small but growing fraction of the investment world NYT New York INVESTMENT professionals have a new pitch: The sky could soon be falling. While Greece took a step back from the brink on Wednesday, the
        NYT; AFP  -  1,201 words
      • 1112 33  -  A grossly disproportionate share of global riches is going to a minuscule minority show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder WITHadvanc-es in technology and the idea that free trade benefits all, walls between countrieshavetumbledlikedominoes. Companies thus
        Source: Compiled by BT with data from Thomson Datastream, Bloomberg; Source: www.econ.berkeley.edu/~suaz/TabFig2008.xls; STOCK.XCHNG  -  1,112 words
    • WEALTH REAL ESTATE





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  • Page 1 Advertisements
    • 49 1 LivingTHEBUSINESSTIMESWEEKEND|JULY2-*****BTTHE BUSINESS TIMES WEEKEND JULY 2-3 2011 SHOPPING Virtuous cycles L8-9 BUSINESS UPDATE Young entrepreneurs and their new takes on conventional businesses TRAVEL Restful Magelang L12-13 GOLF New courses in Thailand L17 GADGETS Lightweight laptops L14 PERSONAL SPACE House of sport L10-11 BESPOKE LEATHER SHOP MOTORING McLaren MP4-12C L18-19
      49 words

  • BT Living
    • ENTERPRISE
      • 22 2 / 3 They’re young, enthusiastic and innovative. BT Weekend meets the entrepreneurs who are running conventional businesses in new and interesting ways
        22 words
      • 711 2 / 3  -  By Jaime Ee jaime@sph.com.sg www.fortheloveoflaundry.com ANYONE who has ever sent in a dusky pink crepe georgette gown for drycleaning and had it returned as a silk mini dress in a dull mauve would understand what entrepreneur Wee Teng Wen means about “ongoing glaring issues that
        711 words
      • Article, Illustration
        821 2 / 3  -  By Audrey Phoon aphoon@sph.com.sg Interviews by Melissa Lwee-Ramsay Z9180- 8945 www.facebook.com/preparazzi FOR taking on a backstage role, Jeremy Nguee is becoming quite the star at least in the eyes of time-strapped individuals. The 30-year-old is the founder of Preparazzi, a forward-thinking meal preparation outfit that promises to help home
        821 words
      • 589 4 / 5  -  By Natalie Koh natksl@sph.com.sg www.facebook.com/BespokeLeather IF NECESSITY is the mother of invention, then the lack of a good leather bag can be the foundation of an innovative business concept. At least, that pretty much sums up how three enterprising individuals came up with Bespoke Leather Store, a
        589 words
      • 687 4 / 5  -  By Jaime Ee jaime@sph.com.sg Interviews by Melissa Lwee-Ramsay 261 Waterloo Street, #01-30 Z9655-0357 THERE was a time when the height of the coffee experience in Singapore was when the barista did this cute swirly design in the foam on top of your milky brew. Not anymore, as
        687 words
      • Article, Illustration
        532 4 / 5  -  By Tam Yu Ling tamyl@sph.com.sg THINK professional hair styling sessions and one will usually associate them with expensive, time consuming affairs that one must necessarily endure for the sake of looking good for that special occasion. Butthelaunch ofSingapore’s firstblow dry bar,BLOW, mightjust revolutionise our current notions of hair styling
        PHOTO: YEN MENG JIIN  -  532 words
    • DINING
      • 1379 6  -  Retired professor Ong Jin Teong’s cookbook is filled with well-researched recipes of the Penang food of his youth. By Geoffrey Eu guest chef By Geoffrey Eu btnews@sph.com.sg LIKE any Penang native worth his rempah (the blend of freshly ground spices that lies at the heart of any
        1,379 words
    • STYLE
      • 864 7  -  When Moleskine unveiled its new product line in the US this year, it decided to let its admirers do the talking. By Gregory Schmidt NYT MOST companies trumpet a new product line with great fanfare, including a big marketing campaign with print and television ads.
        NYT; STOCK.XCHNG; FILE PHOTO  -  864 words
    • SHOPPING
      • 31 8 / 9 From candy-coloured ‘city bikes’ to analysing your swimstroke, bicycle stores are packing more than just pedal power. BT Weekend susses out three bike boutiques with new deals on wheels
        31 words
      • Article, Illustration
        780 8 / 9  -  By Tan Teck Heng thtan@sph.com.sg Haji Lane #38-01 Z 6299-5048 IN Singapore’s fast-paced lifestyle, there’s hardly any time to stop and smell the roses. We rush to meet appointments on trains, buses or spanking new cars bought with hard-earned cash. This perhaps explains why bicycle boutique Tokyobike’s philosophy of
        780 words
      • 591 8 / 9  -  By Dickson Li 33 Ubi Avenue 3 #01-20 Z 6570-0634 IT started with the smallest seed of an idea a simple desire to be a one-stop shop for triathletes. That dream has taken CannAsia from its humble beginnings as a traditional shophouse bike store in Frankel Avenue, to a
        PHOTOS: YEN MENG JIIN  -  591 words
      • Article, Illustration
        583 8 / 9  -  By Dickson Li dicksonl@sph.com.sg 3791 Jalan Bukit Merah #01-08 E-Centre@Redhill Z6469-9964 IF there ever were a bikers’ movement here in Singapore, Bikes n Bites would seem like the ideal birthplace for it. An immense sense of community is evident the moment you walk into the store at
        BIKESNBITES  -  583 words
    • HOME & GARDEN
      • Article, Illustration
        1144 10 / 11  -  The owners are endurance sport enthusiasts. So the architects designed a house that reflects their attributes light, lean and built to last. By Geoffrey Eu personal space By Geoffrey Eu btnews@sph.com.sg SIGNS of an active lifestyle are everywhere to be seen in the Sentosa Cove house that
        ALL PHOTOS BY JOHN HENG EXCEPT THE HOUSE, KITCHEN AND LIVING ROOM  -  1,144 words
    • TRAVEL
      • 1502 12 / 13  -  A visit to the Magelang region in Central Java offers restitution for body, mind, soul and spirit. By Audrey Phoon aphoon@sph.com.sg ‘CAN you make a stop at the Chinese cemetery along the way? I’d like to have a look,” my travelling companion asks our guide, Poyo, minutes after
        ALL PHOTOS, EXCEPT FOR THOSE OF THE AMANJIWO RESORT, BY CHEAH UI-HOON  -  1,502 words
    • GADGETS
      • Article, Illustration
        631 14  -  The latest lightweight laptops from Lenovo and Dell strike just the right balance of power, ruggedness and performance. By Christopher Lim By Christopher Lim limchris@sph.com.sg Lenovo X1, $3,099 onwards IN this age of ultra-thin laptops that are small and beautiful but not particularly rugged, what are the choices
        631 words
    • HEALTH
      • 660 15  -  A top eye surgeon explains the latest methods of tackling presbyopia. By Cheah Ui-Hoon uihoon@sph.com.sg CORPORATE professional CL Tan is not the only person to proclaim with dismay that the day she turned 40 was also the very day when she had to squint at her
        STOCK.XCHNG  -  660 words
    • SPORT
      • 959 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor WHATEVER you do, don’tcallWWEsuperstars John Morrison and Melina “wrestlers”. They would much prefer to be described as sports entertainers. It’s all part of an ongoing ambitious makeover by the company’s chairman and CEO Vince McMahon to rebrand
        REUTERS  -  959 words
    • GOLF
      • 1176 17  -  There are challenges aplenty at these three new Thai courses. By Justine Moss btnews@sph.com.sg THAILANDhaslongbeenafa-vourite destination for golfers in this region, thanks to thenumber,varietyandquality of the majority of its im-pressively-maintained golf courses. In 2010 the number of courses in the kingdom reached 223 and in a
        GOLF DIGEST SINGAPORE  -  1,176 words
    • MOTORING
      • 836 18/19  -  McLaren’s new super car has a wide range of abilities to suit all kinds of road conditions. By Samuel Ee NEARLY two decades after McLaren unveiled its first super car, there is now a second and more accessible road car, although the word “accessible”isrelative. At $900,000
        836 words
      • 796 18/19  -  Building a brand new supercar and developing the brand and infrastructure to go along with it has hardly been easy for McLaren. And it does not help that some of the comments and comparisons made about the McLaren MP4-12C have not been flattering. But McLaren
        796 words
      • Article, Illustration
        569 20  -  Volkswagen’s Jetta combines pretty looks with efficient German technology. By Samuel Ee samuelee@sph.com.sg VOLKSWAGEN believes its new Jetta can take on the Japanese compact sedan market and it doesn't seem like an empty boast for various reasons. Unlike previous versions, the sixth-generation Jetta saloon is no longer a
        569 words

  • Page 4 / 5 Advertisements
    • 948 4 / 5 wine&dine with BTWeekend Bar on 5 Mandarin Orchard Singapore, Level 5 333 Orchard Road Z6831-6288 Bar on 5 is the ideal place to chill out and unwind after a hard day’s work. Located five floors above Orchard Road, it provides a fabulous view of the shopping belt. The beverage menu
      948 words



  • Page 8 / 9 Advertisements
    • 33 8 / 9 BEATS CLASSIFIED Draw attention to your home with some new drapes. at —To find out more, turn to CLASS 94 in L~A\I CATS Classified in The Straits Times now. BUY IT'SELL IT-FIND IT
      33 words